We’re here to help you discover all your options and make decisions with confidence.
FREE Estate Planning Webinar Sign Up Now!

Schedule Your Consultation Today!

(407) 574-8125
Home » Legal Services » Asset Protection

Asset Protection Strategies

Estate planning is not complete without incorporating asset protection strategies. After working hard and building your estate, the next important thing to do is safeguard your assets. These strategies are not only for you, but for your beneficiaries and your elder family members, as well.

There are many reasons why a family must approach asset protection seriously. For one, it allows you to protect assets from creditors and other legal liabilities. Second, you can ensure that your hard-earned possessions won't be drained by having to pay nursing homes high costs for your long-term care. Third, you can make sure your properties cannot easily be squandered by heirs. You or your elderly parents may face scenarios in which asset protection strategies could save a lot of heartache for your family.

To identify how to effectively protect your assets, consult an Orlando asset protection attorney with Family First Firm who can help you devise strategies that match your personal and family goals.

Selecting The Right Asset Protection Strategy

The appropriate asset protection strategy will vary depending on your properties and objectives. Generally, this will entail:

  • Establishing trusts
  • Safeguarding properties from judgment orders
  • Preparing for retirement and long-term care

Schedule a free consultation with the Family First Firm today. Our team will then evaluate your situation and discuss applicable strategies with you to protect your family’s assets.

Asset Protection Strategies For Your Family

Accumulating wealth and preserving your family’s assets involve two entirely different sets of concerns. While it takes grit, hard work, and determination to acquire assets, it will require careful planning and foresight to preserve them. That’s why you need to consult knowledgeable legal professionals who can help you create an asset protection strategy that benefits your family across generations.

You’ll find asset protection to be necessary as you age, and your elderly parents may already be suffering from threats to their estate if an asset protection strategy is not already in place. This is the smart way for you to preserve your family’s legacy. With the right strategy, you don’t have to liquidate all your assets to afford long-term care.

You also need to think of asset protection strategies for your heirs. You never know what the future holds. You may be diligent and protective with your wealth, but your heirs might not be financially wise when they gain possession of these assets. You can prepare for this possibility by setting up a trust to ensure the inheritance will be allocated in a way that is both prudent and practical to your beneficiaries’ needs and purposes. Speak with our team to learn which asset protection strategies are most appropriate for your goals.

How To Safeguard Assets From Judgment Orders

If you or your family members are involved in business, then your assets are constantly open to a variety of risks. These threats to your assets could come from business liabilities or predatory creditors who are out to wring you dry. Even if you don’t run a business, your assets might still be levied to satisfy civil liabilities, healthcare costs, bad debts, or court orders.

In preparation for these concerns, you can set up a trust that will protect your assets. Different types of trusts can be created for a variety of purposes, such as safeguarding retirement accounts or preserving assets for heirs. There may be several opportunities for reducing your assets’ susceptibility to threats, given your family’s unique circumstances, and we can highlight these for you.

To set up and maintain a trust, you need an asset protection lawyer who can guide you throughout the process. Call the Family First Firm today to book an appointment.

Why Choose The Family First Firm?

  • Individually-Oriented Solutions - The elder law attorneys at Family First Firm work with senior clients and their families to comprehensively address legal roadblocks. Our Medicaid and estate planning services are tailored to fit each client’s current and future needs.
  • Assist Clients In Every Step - Applying for benefits, guardianship, creating wills or trusts, and establishing other forms of asset protection can be overwhelming. To ease the stress, we are here to guide our clients and their family members every step of the way.
  • Credible and Highly Trusted - Our firm is recognized as one of the fastest-growing law firms in the U.S. in 2021 by Law Firm 500.
  • Accessible Legal Services - Booking your first free consultation is just a click away. You can schedule a consultation with our attorneys through our website and social media pages.

Ask a Question,
Describe Your Situation,
Request a Consultation

First Name(Required)
Last Name(Required)
* Required Fields
Your Information Is Safe With Us

Practice Areas


Warning: Undefined variable $post in /home/usercpxy/domains/familyfirstfirm.com/public_html/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(128) : eval()'d code on line 2

Warning: Attempt to read property "ID" on null in /home/usercpxy/domains/familyfirstfirm.com/public_html/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(128) : eval()'d code on line 2

Warning: Attempt to read property "name" on array in /home/usercpxy/domains/familyfirstfirm.com/public_html/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(128) : eval()'d code on line 5

Warning: Attempt to read property "name" on array in /home/usercpxy/domains/familyfirstfirm.com/public_html/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(128) : eval()'d code on line 5

Why To Address Asset Protection

If you want to preserve your assets for generations, you need to look into asset protection strategies as soon as possible.

A retirement plan is incomplete without a comprehensive trust strategy guided by an experienced Florida estate planning attorney committed to defend your family’s assets from unforeseen circumstances.

Setting up a trust can also give you peace of mind, especially if young children will be beneficiaries. With a trust, you can dictate how much your child can receive as sustenance, and you can even impose conditions before they can receive the whole inheritance. This helps to ensure your heirs will benefit from your assets as intended.

Asset Protection And Estate Planning

Estate planning and asset protection go hand in hand. It’s important not to confuse the two, even though they usually overlap.

Estate planning is more concerned with the allocation and distribution of your properties in anticipation of incapacitation or death, which will be carried out according to the terms of your trusts in coordination with your will.

Asset protection strategies, on the other hand, can be commenced during your lifetime to shield assets from creditors, so they will remain available to your family in the long term.

To explore the right estate planning tools and asset protection strategies, schedule a consultation with the Family First Firm today.

For Questions or Appointment Requests. Click to Call : (407) 574-8125

Common Questions

Related Blogs 

The Top 5 Ways Floridians Protect Their Life Savings

At the Family First Form, we found it to be a severe deficiency and have implemented changes to ensure parents have a way to protect their children. 

Do Frequent Flier Miles Expire When You Do?

Accumulated frequent flier miles can be valuable assets, but what happens to those miles after someone dies? Can a spouse...

Why an Irrevocable Trust May Be Superior to Gifting

Parents and other family members who want to pass on assets during their lifetimes may be tempted to gift the...

View More

Related Videos

View More Videos

For Questions or Appointment Requests. Click to Call : (407) 574-8125

Related News 

Geoff Hoatson, Esq. of Family First Firm® Offers Free Estate Planning Webinar

ORLANDO, Florida — Geoff Hoatson, Esq., CEO and Founder of Family First Firm®, specializing in all things elder law, announces...

Family First Firm Raises Donations for Oct. 8 Walk To End Alzheimer’s in Orlando

(ORLANDO, Florida) Employees from Family First Firm are raising donations for the Alzheimer’s Association. They will participate as the Always...

Guardianship and Probate Attorney Haley Hestbeck Joins Family First Firm

ORLANDO, Florida – Geoff Hoatson, Attorney, Founder, and Owner of the Family First Firm – Medicaid & Elder Law Attorneys, an...

View More

Professional Associations

Family First Firm - Medicaid & Elder Law Attorneys in the media

Real Clients, Real Testimonials

  • “Lorem ipsum dolor sit amet, consectetur adipiscing elit. Rhoncus quam ullamcorper ipsum sagittis. Tortor eu, quis blandit eget sed dolor ut id.consectetur adipiscing elit. Rhoncus quam ullamcorper ipsum sagittis.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Rhoncus quam ullamcorper ipsum sagittis”
    - Client Name
  • “Lorem ipsum dolor sit amet, consectetur adipiscing elit. Rhoncus quam ullamcorper ipsum sagittis. Tortor eu, quis blandit eget sed dolor ut id.consectetur adipiscing elit. Rhoncus quam ullamcorper ipsum sagittis.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Rhoncus quam ullamcorper ipsum sagittis”
    - Client Name
  • “Lorem ipsum dolor sit amet, consectetur adipiscing elit. Rhoncus quam ullamcorper ipsum sagittis. Tortor eu, quis blandit eget sed dolor ut id.consectetur adipiscing elit. Rhoncus quam ullamcorper ipsum sagittis.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Rhoncus quam ullamcorper ipsum sagittis”
    - Client Name
  • “Lorem ipsum dolor sit amet, consectetur adipiscing elit. Rhoncus quam ullamcorper ipsum sagittis. Tortor eu, quis blandit eget sed dolor ut id.consectetur adipiscing elit. Rhoncus quam ullamcorper ipsum sagittis.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Rhoncus quam ullamcorper ipsum sagittis”
    - Client Name
  • “Lorem ipsum dolor sit amet, consectetur adipiscing elit. Rhoncus quam ullamcorper ipsum sagittis. Tortor eu, quis blandit eget sed dolor ut id.consectetur adipiscing elit. Rhoncus quam ullamcorper ipsum sagittis.Lorem ipsum dolor sit amet, consectetur adipiscing elit. Rhoncus quam ullamcorper ipsum sagittis”
    - Client Name
View More Testimonials
Our Legal Services

Specializing In All Things Elder Law

Elder Law

Are you looking to ensure legal protection and happy futures for yourself and your loved ones? We’re here to help you discover all your options and make decisions with confidence.

Medicaid

As the wonders of healthcare advance, we live longer than ever before. It’s something to celebrate… but it’s also something for which everyone needs to prepare.

Estate Planning

Make plans now to ensure a brighter future for yourself and your loved ones. We’ll help you set up your wills, trusts, powers of attorney, and anything else you need.

Estate Administration

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Morbi donec ligula tristique odio. Vitae ac ultricies faucibus integer diam nullam. Morbi sed eu velit quis tincidunt turpis.
Find Out More

Probate

When you or a loved one passes away, an estate’s transition, called probate, goes into effect. Usually, the family is responsible, alongside a probate attorney, for distributing probate assets.

Guardianship

It’s always best to be prepared. Make tough times easier on your family by setting up advance directives. In an emergency, assign your own guardian.

Social Security Disability

The Social Security application is exhaustive and the requirements are strict. We’ll help you get approved and make sure that you get the amount of assistance you deserve.

Special Needs

Having a child or loved one with a disability in your care means you have extra considerations and decisions to make as you plan.
View More
Speak to an elder law expert today

Make Choices With 
Confidence

Call (407) 574-8125

Our Locations

Orlando Office

Family First Firm - Medicaid & Elder Law Attorneys

1901 W Colonial Dr,
Orlando, FL 32804

Get Direction

Altamonte Springs Office

Family First Firm - Medicaid & Elder Law Attorneys
By Appointment Only

715 Douglas Ave Suite# 40,
Altamonte Springs, FL 32714

Get Direction

Get free legal advice sent to your inbox

Name(Required)

The information you obtain at this site is not, nor is it intended to be, legal advice.
You should consult an attorney for advice regarding your individual situation. Contacting us does not create an attorney-client relationship